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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash, cash equivalents and restricted cash $ 1,169 $ 875
Accounts receivable 1,589 1,573
Inventory 258 249
Other current assets 343 460
Total current assets 3,359 3,157
Oil and gas property and equipment, based on successful efforts accounting, net 18,216 17,825
Other property and equipment, net ($159 million and $136 million related to CDM in 2024 and 2023, respectively) [1] 1,569 1,503
Total property and equipment, net 19,785 19,328
Goodwill 753 753
Right-of-use assets 297 267
Investments 704 666
Other long-term assets 264 319
Total assets 25,162 24,490
LIABILITIES AND EQUITY    
Accounts payable 754 760
Revenues and royalties payable 1,363 1,222
Short-term debt 475 483
Other current liabilities 424 484
Total current liabilities 3,016 2,949
Long-term debt 5,665 5,672
Lease liabilities 315 295
Asset retirement obligations 691 643
Other long-term liabilities 829 876
Deferred income taxes 1,917 1,838
Stockholders' equity:    
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 628 million and 636 million shares in 2024 and 2023, respectively 63 64
Additional paid-in capital 5,478 5,939
Retained earnings 7,132 6,195
Accumulated other comprehensive loss (122) (124)
Treasury stock, at cost, 0.3 million shares in 2023 0 (13)
Total stockholders’ equity attributable to Devon 12,551 12,061
Noncontrolling interests 178 156
Total equity 12,729 12,217
Total liabilities and equity $ 25,162 $ 24,490
[1] $159 million and $136 million related to CDM in 2024 and 2023, respectively.